QDEF vs. ROUS ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to Lattice U.S. Equity Strategy ETF (ROUS)

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.13

Average Daily Volume

6,642

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$51.69

Average Daily Volume

24,002

Number of Holdings ^*

344

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	ROUS
30 Days	3.01%	2.83%
60 Days	9.72%	9.42%
90 Days	8.06%	7.69%
12 Months	35.58%	31.95%

83 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in ROUS	Overlap
AAPL	C	6.09%	1.24%	1.24%
ABBV	C	3.06%	0.98%	0.98%
AFL	A	0.63%	0.33%	0.33%
AIZ	B	0.54%	0.08%	0.08%
AVB	C	0.18%	0.12%	0.12%
AVGO	B	0.88%	0.67%	0.67%
AVY	D	0.53%	0.01%	0.01%
BAC	B	0.02%	0.1%	0.02%
BAH	C	0.13%	0.18%	0.13%
BK	A	0.62%	0.45%	0.45%
BMY	A	0.41%	0.26%	0.26%
BPOP	D	0.48%	0.15%	0.15%
CAH	B	0.16%	0.16%	0.16%
CHE	D	0.42%	0.14%	0.14%
CI	D	0.9%	0.26%	0.26%
COST	C	0.23%	0.56%	0.23%
CSCO	A	0.56%	0.78%	0.56%
CSWI	A	0.51%	0.06%	0.06%
D	A	0.58%	0.04%	0.04%
DELL	C	0.4%	0.85%	0.4%
DUK	C	0.82%	0.31%	0.31%
EA	D	0.53%	0.68%	0.53%
EBAY	A	0.43%	0.34%	0.34%
ED	C	0.55%	0.26%	0.26%
EME	B	0.55%	0.35%	0.35%
EQR	C	0.54%	0.13%	0.13%
EXC	C	0.42%	0.09%	0.09%
FAST	C	0.51%	0.44%	0.44%
GILD	A	0.95%	0.64%	0.64%
GIS	C	0.53%	0.17%	0.17%
GOOGL	B	1.31%	1.19%	1.19%
HD	A	3.13%	0.81%	0.81%
HRB	C	0.49%	0.54%	0.49%
IBM	A	1.8%	0.9%	0.9%
INTU	F	1.13%	0.1%	0.1%
ITW	C	0.72%	0.26%	0.26%
JNJ	D	3.17%	1.17%	1.17%
JPM	C	0.63%	0.71%	0.63%
KLAC	B	0.93%	0.35%	0.35%
KMB	D	0.56%	0.42%	0.42%
KO	C	0.76%	0.1%	0.1%
LDOS	A	0.57%	0.1%	0.1%
LMT	A	1.19%	0.41%	0.41%
LOW	C	0.48%	0.31%	0.31%
LSTR	F	0.49%	0.23%	0.23%
MA	A	0.22%	0.38%	0.22%
MAS	C	0.25%	0.28%	0.25%
MCK	F	0.59%	0.44%	0.44%
META	A	2.79%	0.78%	0.78%
MMM	C	0.69%	0.16%	0.16%
MO	D	0.8%	0.56%	0.56%
MRK	F	2.66%	0.99%	0.99%
MSFT	D	4.96%	1.17%	1.17%
MSI	A	0.68%	0.76%	0.68%
NNN	C	0.25%	0.08%	0.08%
NVDA	B	4.84%	0.86%	0.86%
OGE	C	0.47%	0.08%	0.08%
OHI	C	0.54%	0.02%	0.02%
ORI	A	0.52%	0.3%	0.3%
OTIS	A	0.54%	0.3%	0.3%
PAYX	B	0.62%	0.02%	0.02%
PEG	A	0.27%	0.25%	0.25%
PG	D	2.97%	0.67%	0.67%
PM	D	1.58%	0.32%	0.32%
PPL	C	0.55%	0.19%	0.19%
PSA	C	0.65%	0.07%	0.07%
QCOM	D	1.69%	0.55%	0.55%
RDN	D	0.49%	0.2%	0.2%
RMD	C	0.56%	0.32%	0.32%
ROL	C	0.13%	0.14%	0.13%
SWKS	F	0.45%	0.18%	0.18%
T	B	0.77%	0.88%	0.77%
TJX	D	0.97%	0.28%	0.28%
TMUS	A	1.0%	0.66%	0.66%
UMBF	C	0.51%	0.08%	0.08%
UNM	A	0.54%	0.34%	0.34%
V	B	0.34%	0.36%	0.34%
VRSK	D	0.54%	0.18%	0.18%
VZ	C	0.72%	0.89%	0.72%
WEC	B	0.29%	0.13%	0.13%
WMT	A	0.12%	1.05%	0.12%
WSM	C	0.48%	0.26%	0.26%
XOM	A	0.5%	0.78%	0.5%

QDEF Overweight 40 Positions Relative to ROUS

Symbol	Grade	Weight
ADP	A	1.06%
GOOG	B	1.06%
AMT	D	0.99%
SBUX	B	0.97%
CME	A	0.72%
BWXT	A	0.57%
FIS	A	0.57%
IRDM	C	0.56%
WTW	C	0.56%
GEN	A	0.54%
MAA	D	0.54%
PNW	C	0.53%
ESS	D	0.53%
MET	A	0.53%
CSL	A	0.53%
COR	F	0.53%
K	B	0.53%
NSA	D	0.53%
CPT	C	0.52%
WDFC	B	0.51%
NEP	D	0.51%
DOX	B	0.5%
IPG	D	0.5%
VIRT	B	0.5%
WU	D	0.49%
STNG	B	0.47%
CFR	B	0.47%
EXPD	D	0.46%
SAIC	A	0.46%
CUBE	C	0.45%
OMF	D	0.42%
DPZ	D	0.41%
EVRG	C	0.4%
BSY	D	0.39%
VRT	B	0.37%
MSM	D	0.37%
STWD	C	0.33%
SCCO	B	0.19%
ZTS	C	0.12%
DDS	D	0.11%

QDEF Underweight 261 Positions Relative to ROUS

Symbol	Grade	Weight
HPQ	B	-1.1%
NTAP	D	-1.07%
UNH	B	-1.01%
LLY	D	-0.89%
HPE	B	-0.84%
KR	C	-0.81%
CTSH	B	-0.73%
AVT	B	-0.72%
CVLT	B	-0.71%
BRK.A	B	-0.71%
TXN	C	-0.67%
MUSA	D	-0.61%
ORCL	A	-0.59%
TEL	D	-0.59%
HUM	F	-0.59%
FICO	C	-0.57%
EOG	B	-0.57%
IT	A	-0.55%
ELV	F	-0.54%
GLW	C	-0.53%
APH	D	-0.53%
GWW	B	-0.53%
MTB	A	-0.52%
FOXA	B	-0.52%
NRG	A	-0.51%
SHW	C	-0.51%
CVS	D	-0.49%
CL	D	-0.49%
AMZN	C	-0.48%
VLO	F	-0.47%
CINF	A	-0.46%
GDDY	B	-0.45%
NSIT	B	-0.45%
TER	C	-0.44%
ACN	B	-0.44%
CDW	D	-0.43%
CMI	A	-0.43%
NXPI	F	-0.42%
CTAS	C	-0.42%
ACI	F	-0.41%
RPM	A	-0.41%
JNPR	C	-0.41%
DBX	C	-0.4%
UTHR	C	-0.4%
ALSN	A	-0.4%
FFIV	B	-0.39%
BBY	C	-0.39%
CRUS	D	-0.39%
AMGN	D	-0.39%
RS	D	-0.38%
CHRW	C	-0.38%
SW	C	-0.38%
GPC	D	-0.38%
INCY	B	-0.37%
VRSN	C	-0.37%
ORLY	A	-0.36%
NYT	C	-0.36%
TRV	B	-0.36%
VRTX	D	-0.35%
CMCSA	B	-0.35%
AXS	A	-0.35%
VICI	C	-0.34%
CB	A	-0.34%
TSCO	A	-0.34%
ETR	A	-0.33%
AMAT	C	-0.33%
FDX	F	-0.33%
SANM	D	-0.33%
VNT	F	-0.32%
ANET	A	-0.32%
PHM	C	-0.32%
AZO	D	-0.32%
BMI	A	-0.32%
MLI	B	-0.32%
YUM	C	-0.31%
C	B	-0.31%
MKL	B	-0.3%
LNG	A	-0.29%
PEP	F	-0.29%
HSY	D	-0.29%
WM	B	-0.29%
ACGL	A	-0.28%
MCHP	F	-0.27%
PCAR	D	-0.27%
SO	A	-0.27%
SYY	D	-0.27%
MPC	D	-0.27%
CDNS	D	-0.27%
DGX	D	-0.27%
STLD	C	-0.27%
GPI	C	-0.27%
EG	A	-0.27%
GRMN	D	-0.26%
XEL	C	-0.26%
ALKS	B	-0.26%
WTM	C	-0.26%
RHI	D	-0.26%
OGN	F	-0.26%
SNX	C	-0.26%
KEYS	B	-0.26%
GPK	D	-0.25%
DTE	B	-0.25%
MANH	A	-0.25%
CACI	A	-0.25%
DKS	D	-0.24%
STT	A	-0.24%
SYF	A	-0.24%
RF	B	-0.24%
AN	D	-0.24%
PRU	B	-0.24%
AEP	C	-0.24%
NFG	A	-0.24%
DLB	D	-0.24%
CASY	D	-0.24%
NVR	C	-0.23%
PGR	B	-0.23%
REGN	D	-0.23%
HCA	C	-0.23%
DCI	B	-0.23%
BKNG	B	-0.22%
SON	D	-0.22%
TT	A	-0.22%
LOPE	D	-0.22%
ARW	C	-0.22%
CRBG	B	-0.22%
EXEL	B	-0.22%
DHI	C	-0.22%
LYB	B	-0.21%
FLO	D	-0.21%
SNA	C	-0.21%
R	C	-0.21%
PKG	B	-0.21%
LRCX	D	-0.2%
ROP	D	-0.2%
HBAN	B	-0.2%
CAT	A	-0.2%
SKX	B	-0.19%
AYI	A	-0.19%
DY	C	-0.19%
WSO	C	-0.19%
PNC	C	-0.19%
AIT	B	-0.19%
IRM	B	-0.19%
CVX	B	-0.19%
ECL	C	-0.19%
RSG	D	-0.19%
ASGN	D	-0.18%
SNPS	F	-0.18%
OC	C	-0.18%
MDT	C	-0.18%
KD	D	-0.18%
STX	C	-0.18%
PPG	D	-0.18%
FE	C	-0.18%
ADC	C	-0.17%
FCN	C	-0.17%
RNR	A	-0.17%
CBT	B	-0.17%
UFPI	C	-0.17%
WFC	B	-0.17%
ADBE	F	-0.16%
FITB	C	-0.16%
JBL	C	-0.16%
OMC	C	-0.15%
MCD	A	-0.15%
O	C	-0.15%
ABT	C	-0.14%
CMC	D	-0.14%
LAMR	C	-0.14%
BSX	A	-0.14%
RGA	B	-0.14%
MTG	A	-0.14%
BLDR	C	-0.13%
FLEX	B	-0.13%
DOV	C	-0.13%
COKE	C	-0.13%
RL	B	-0.13%
AEE	A	-0.13%
MTD	C	-0.13%
ALL	A	-0.13%
VST	A	-0.13%
PANW	B	-0.12%
TGT	C	-0.12%
USB	C	-0.12%
PSTG	F	-0.12%
LII	C	-0.12%
CNC	F	-0.12%
EIX	C	-0.12%
POR	D	-0.12%
SFM	A	-0.11%
AMCR	C	-0.11%
FANG	D	-0.11%
NEE	C	-0.1%
L	C	-0.1%
CBOE	B	-0.1%
DVN	F	-0.1%
ADI	B	-0.1%
FSS	D	-0.1%
VMI	B	-0.09%
NOC	B	-0.09%
WELL	C	-0.09%
HUBB	A	-0.09%
BJ	B	-0.09%
CHRD	F	-0.09%
MMS	C	-0.09%
INGR	B	-0.08%
COP	D	-0.08%
GLPI	C	-0.08%
JHG	A	-0.07%
APPF	C	-0.07%
GD	C	-0.07%
ATR	A	-0.07%
KNF	B	-0.07%
ACIW	A	-0.07%
PTC	B	-0.06%
FTNT	A	-0.06%
GWRE	A	-0.06%
SPG	A	-0.06%
SPSC	D	-0.06%
SRE	C	-0.06%
NXST	D	-0.05%
BR	B	-0.05%
BCO	C	-0.05%
HON	C	-0.05%
AKAM	D	-0.05%
LNC	B	-0.05%
IP	C	-0.04%
FELE	C	-0.04%
ITCI	D	-0.04%
AWI	A	-0.04%
LFUS	C	-0.04%
EPRT	C	-0.04%
CCI	D	-0.04%
ADSK	B	-0.04%
MOG.A	C	-0.04%
NOW	B	-0.04%
ANF	D	-0.04%
PSX	D	-0.03%
LIN	C	-0.03%
JCI	C	-0.03%
NWSA	D	-0.03%
COF	A	-0.03%
CF	A	-0.03%
ADM	F	-0.03%
WPC	C	-0.02%
CHTR	D	-0.02%
AOS	C	-0.02%
SYK	C	-0.02%
FHN	D	-0.02%
AAON	A	-0.02%
SEE	C	-0.02%
VTR	C	-0.02%
ITRI	C	-0.02%
EHC	C	-0.02%
MSA	F	-0.02%
AIG	C	-0.02%
SLGN	B	-0.02%
ONB	D	-0.01%
MPWR	B	-0.01%
CIEN	A	-0.01%
MTH	C	-0.01%